Skip navigation
TGIFridays-Allegro.jpg

5 things to know about the $380M TGI Fridays/Allegro Merger

TGIF Holdings LLC and Allegro Merger Corp. announced a merger Friday that takes the chain public

On Friday, Nov. 8, privately-held TGIF Holdings LLC and special purpose acquisition company Allegro Merger Corp. announced an agreement that would take the casual-dining chain public. TGI Fridays will receive $30 million in a combination of cash and stock, and New York-based Allegro will also assume $350 million of net debt from the struggling Dallas-based restaurant chain.

Register to view the full article

Register to view this article

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish